Bankinter (OTCMKTS:BKNIY) Reaches New 52-Week High - Here's Why

Bankinter, S.A. (OTCMKTS:BKNIY - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $11.87 and last traded at $11.78, with a volume of 13488 shares trading hands. The stock had previously closed at $11.42.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods cut Bankinter from a "hold" rating to a "moderate sell" rating in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Bankinter in a research note on Thursday, March 6th. Finally, Royal Bank of Canada upgraded Bankinter to a "moderate buy" rating in a research note on Thursday, January 16th.

Bankinter Stock Up 0.0 %

The company has a fifty day moving average price of $9.77 and a 200 day moving average price of $8.77. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $10.27 billion, a PE ratio of 10.20 and a beta of 0.73.

Bankinter (OTCMKTS:BKNIY - Get Free Report) last released its earnings results on Thursday, January 23rd. The bank reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.08. Bankinter had a return on equity of 16.74% and a net margin of 18.98%. As a group, analysts anticipate that Bankinter, S.A. will post 1 EPS for the current year.

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Bankinter Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 14th. Stockholders of record on Wednesday, April 2nd will be issued a $0.1084 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. Bankinter's dividend payout ratio is currently 89.29%.

Bankinter Company Profile

Bankinter, SA provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain. It offers payroll, pension, business, salary, non-salary, youth salary, current, currency, professional, basic, and management accounts; deposit products; and mortgages and loan products, as well as financing services.